We have strong confidence about China’s economy: Hong Kong expert

SOUNDBITE: ERIC HU, Managing director of BOC International:
“We have strong confidence about China’s economy especially in the medium and long term perspective. The service sector is still underdeveloped with huge potential demand while there is further room for labor productivity increase with consecutive accumulation of human capital in China. In 2015, the service industry contributed 57.7 percent of China’s GPD, up 7.1 percentage points from 2014. With the continued development of urbanization, especially after 13th five-year plan set the goal to settle and register around 100 million of the floating rural population, there are enormous demands brought from migrants in the field of infrastructure, durable goods and housing.”

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